Monday, Apr 23, 2007
The official start of the meltdown...
Metro: 4,500 Barclays city staff face the axe
Bankers facing the axe or relocation to Amsterdam will think twice before exchanging contracts for their Chelsea two bedrooms (which is as much as even bankers can afford in Chelsea!) Add to this the news about Citibank and you have quite a bleak picture for the London housing market
Posted by confused76 @ 01:37 PM (347 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. confused76 said...
And lets all send a nice email to Judith Heywood (judith.heywood@thetimes.co.uk) Deputy Property Editor of The Times, author of landmark sci-fi articles which will be long remembered as the pinnacle of the bubble literature:
http://business.timesonline.co.uk/tol/business/money/mortgages/article1690250.ece
http://property.timesonline.co.uk/tol/life_and_style/property/article1676842.ece
Judith, you have secured a place among the all time greatest of Fiction, right next to Fahrenheit 451's Ray Bradbury
2. Jim Tallis said...
Come on guys, the only people to lose jobs will be lowly paid back office staff.
Key, high earning staff are the assets that the business are buying into and are unlikely to be laid off. The equity markets are incredibly strong at the moment hence all the merger activties. Those hoping for a slow down in the economy need to look elsewhere.
3. paul said...
This isn't that start of the meltdown. That was a couple of weeks ago with 17,000 staff being axed at Citigroup.
4. Van Hoogstraten said...
They are all job losses - it is the lowly paid back office staff who propel the economy along spending on their credit cards, not the high flyers